2025 – Page 250 – FintechDaily

Italian Regulator Takes Action Against Intesa Sanpaolo for Transition to App-Only Services

Intesa Sanpaolo has been instructed by Italy's competition authority to halt the migration of 2.4 million customers to its new app-only service unless it receives...

Labour Unveils Strategy to Prevent ‘Banking Deserts’

As banks in the UK continue to close branches, the Labour Party has announced plans to grant new powers to regulators aimed at ensuring public...

Bank of England to Assess AI Risks to Financial Stability

The Bank of England is initiating a review of artificial intelligence (AI) and machine learning (ML) amid concerns about their potential impact on financial stability....

HSBC Unveils New Embedded Finance Initiative

HSBC has teamed up with B2B global trade network Tradeshift to launch a joint venture that offers embedded finance solutions to business clients. The new...

PayPal Backs Conversational AI Company Rasa with Investment

PayPal Ventures has co-led a $30 million Series C funding round for Rasa, a generative conversational AI platform. The round was also co-led by StepStone...

Dimon Criticizes Bitcoin

JPMorgan's CEO, Jamie Dimon, has continued his strong opposition to Bitcoin, stating during a Senate Banking Committee hearing that if he had the authority, he...

UK Financial Regulators to Take Direct Control of Critical Technology Suppliers

British banking regulators are proposing increased scrutiny of financial firms' reliance on third-party technology companies. The Bank of England, Prudential Regulation Authority, and Financial Conduct...

OCC Cautions Banks Regarding BNPL Lending Practices

The Office of the Comptroller of the Currency (OCC) has issued guidance to US banks emphasizing the need for buy now, pay later (BNPL) loans...

FCA Struggles Due to Lack of Crypto Expertise

A shortage of skilled professionals in the cryptocurrency sector led the Financial Conduct Authority (FCA) to experience delays in registering crypto-asset firms under money laundering...

UK Payments Regulator Suggests Limit on Interchange Fees

The Payment Systems Regulator (PSR) is proposing a cap on cross-border interchange fees for credit and debit cards in an effort to shield UK businesses...